NASDAQ:MRVL - Marvell Technology Group Stock Price, News, & Analysis

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$15.22 +0.03 (+0.20 %)
(As of 11/21/2018 01:32 AM ET)
Previous Close$15.19
Today's Range$14.69 - $15.4350
52-Week Range$14.69 - $25.18
Volume9.06 million shs
Average Volume9.65 million shs
Market Capitalization$10.47 billion
P/E Ratio14.63
Dividend Yield1.51%
Beta1.09
Marvell Technology Group Ltd. designs, develops, and markets analog, mixed-signal, digital signal processing, and embedded and standalone integrated circuits. It offers a range of storage products, including hard disk drive (HDD) and solid-state drive controllers, as well as HDD components, such as HDD preamps components; and develops software-enabled silicon solutions comprising serial advanced technology attachment port multipliers, bridges, serial attached SCSI, and non-volatile memory express redundant array of independent disks controllers and converged storage processors for enterprises, data centers, and cloud computing businesses. The company also provides networking products, which includes Ethernet solutions consisting of Ethernet switches, Ethernet physical-layer transceivers, and single-chip network interface devices; and embedded communication processors. In addition, it offers a portfolio of connectivity solutions, including Wi-Fi and Wi-Fi/Bluetooth integrated system-on-a-chip products, which are integrated into various end devices, including enterprise access points, home gateways, multimedia devices, gaming products, printers, automotive infotainment and telematics units, and smart industrial devices. Further, the company provides printer-specific standard products, as well as full-custom and application-specific integrated circuits; and application processors. It has operations in the United States, China, Malaysia, the Philippines, Thailand, Singapore, India, Israel, Japan, South Korea, Taiwan, and Vietnam. Marvell Technology Group Ltd. was founded in 1995 and is headquartered in Hamilton, Bermuda.

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Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry Semiconductors & related devices
Sub-IndustrySemiconductors
SectorComputer and Technology
Current SymbolNASDAQ:MRVL
Previous Symbol
CUSIPG5876H10
Phone441-296-6395

Debt

Debt-to-Equity Ratio0.25
Current Ratio2.54
Quick Ratio1.76

Price-To-Earnings

Trailing P/E Ratio14.63
Forward P/E Ratio17.70
P/E Growth1.89

Sales & Book Value

Annual Sales$2.41 billion
Price / Sales4.16
Cash Flow$1.2003 per share
Price / Cash12.68
Book Value$8.35 per share
Price / Book1.82

Profitability

EPS (Most Recent Fiscal Year)$1.04
Net Income$520.83 million
Net Margins15.36%
Return on Equity10.70%
Return on Assets8.76%

Miscellaneous

Employees3,749
Outstanding Shares658,400,000
Market Cap$10.47 billion
OptionableOptionable

Marvell Technology Group (NASDAQ:MRVL) Frequently Asked Questions

What is Marvell Technology Group's stock symbol?

Marvell Technology Group trades on the NASDAQ under the ticker symbol "MRVL."

How often does Marvell Technology Group pay dividends? What is the dividend yield for Marvell Technology Group?

Marvell Technology Group announced a quarterly dividend on Friday, September 14th. Stockholders of record on Tuesday, October 2nd will be paid a dividend of $0.06 per share on Tuesday, October 23rd. This represents a $0.24 annualized dividend and a dividend yield of 1.58%. The ex-dividend date of this dividend is Monday, October 1st. View Marvell Technology Group's Dividend History.

How will Marvell Technology Group's stock buyback program work?

Marvell Technology Group announced that its board has authorized a share buyback plan on Tuesday, October 16th 2018, which allows the company to repurchase $1,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 7.9% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board believes its shares are undervalued.

How were Marvell Technology Group's earnings last quarter?

Marvell Technology Group Ltd. (NASDAQ:MRVL) released its quarterly earnings data on Thursday, September, 6th. The semiconductor company reported $0.28 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.29 by $0.01. The semiconductor company earned $665.31 million during the quarter, compared to analyst estimates of $685 million. Marvell Technology Group had a return on equity of 10.70% and a net margin of 15.36%. The firm's revenue for the quarter was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.30 EPS. View Marvell Technology Group's Earnings History.

When is Marvell Technology Group's next earnings date?

Marvell Technology Group is scheduled to release their next quarterly earnings announcement on Tuesday, December 4th 2018. View Earnings Estimates for Marvell Technology Group.

How can I listen to Marvell Technology Group's earnings call?

Marvell Technology Group will be holding an earnings conference call on Tuesday, December 4th at 4:45 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8446475488.

What price target have analysts set for MRVL?

25 equities research analysts have issued 12 month target prices for Marvell Technology Group's stock. Their forecasts range from $13.00 to $33.00. On average, they anticipate Marvell Technology Group's share price to reach $25.5870 in the next year. This suggests a possible upside of 68.1% from the stock's current price. View Analyst Price Targets for Marvell Technology Group.

What is the consensus analysts' recommendation for Marvell Technology Group?

25 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Marvell Technology Group in the last year. There are currently 2 hold ratings and 23 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Marvell Technology Group.

What are Wall Street analysts saying about Marvell Technology Group stock?

Here are some recent quotes from research analysts about Marvell Technology Group stock:
  • 1. According to Zacks Investment Research, "Marvell is benefiting from strong demand for data storage in the cloud. Its latest buyout of Cavium is expected to broaden its offerings beyond hard disk drives microprocessors and help it enter into high growth areas such as data centers and wireless communications. Management is optimistic about three new storage architecture solutions that the company released. Also, we believe that the strong demand for Marvell’s 4G LTE products could be a growth driver. Estimates have been stable lately ahead of the company’s Q3 earnings release. The company has mixed record of earnings surprises in recent quarters. Nonetheless, Marvell faces customer concentration risk. The loss of any customer may reduce orders, thereby impacting revenues and operating results. Shares underperformed the industry on a year-to-date basis." (11/14/2018)
  • 2. Loop Capital analysts commented, "We maintain our Buy rating on Marvell Technology Group, Ltd. (MRVL) and increase our PT to $26 from $22 following MRVL’s positive pre-announcement for FQ3 (Oct) 2018 and plans to acquire Cavium, Inc. (CAVM:$84.02-Hold) in a cash and stock deal valued at $6B. While we view the pending transaction as a long-term win/win for MRVL as it provides the company with 1) increased scale, 2) broader product and end-market diversification away from the secular declining HDD market, and 3) accretion to pro forma EPS, margins, and revenue growth, we were surprised that CAVM was ready to throw in the towel as a stand-alone company. We expect CAVM to see meaningful YoY earnings and revenue growth in 2018 and 2019 driven by 1) the ramp of OCTEON III, 2) robust revenue growth from new products of Fusion-M, LiquidIO, ThunderX, XPliant, and LiquidSecurity, and 3) steady revenue contributions from QLogic products." (11/21/2017)

Has Marvell Technology Group been receiving favorable news coverage?

News coverage about MRVL stock has trended somewhat positive recently, according to InfoTrie Sentiment. InfoTrie identifies negative and positive media coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Marvell Technology Group earned a news impact score of 1.5 on InfoTrie's scale. They also gave media coverage about the semiconductor company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the company's share price in the next several days.

Are investors shorting Marvell Technology Group?

Marvell Technology Group saw a increase in short interest in the month of October. As of October 31st, there was short interest totalling 28,058,933 shares, an increase of 6.5% from the October 15th total of 26,334,942 shares. Based on an average trading volume of 13,862,074 shares, the days-to-cover ratio is currently 2.0 days. Currently, 4.5% of the company's shares are sold short. View Marvell Technology Group's Current Options Chain.

Who are some of Marvell Technology Group's key competitors?

Who are Marvell Technology Group's key executives?

Marvell Technology Group's management team includes the folowing people:
  • Mr. Matthew J. Murphy, Pres, CEO & Director (Age 45)
  • Ms. Jean Hu, Chief Financial Officer (Age 55)
  • Mr. Neil Y. Kim, Exec. VP & CTO (Age 59)
  • Mr. Mitchell Lee Gaynor, Exec. VP and Chief Admin. & Legal Officer (Age 58)
  • Mr. Thomas F. Lagatta, Exec. VP of Worldwide Sales & Marketing (Age 60)

Who are Marvell Technology Group's major shareholders?

Marvell Technology Group's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include FMR LLC (8.29%), Starboard Value LP (5.21%), BlackRock Inc. (4.94%), Standard Life Aberdeen plc (2.03%), Standard Life Aberdeen plc (2.03%) and Epoch Investment Partners Inc. (1.67%). Company insiders that own Marvell Technology Group stock include Marvell Semiconductor, Inc Ca, Matthew J Murphy, Michael G Strachan and Sehat Sutardja. View Institutional Ownership Trends for Marvell Technology Group.

Which institutional investors are selling Marvell Technology Group stock?

MRVL stock was sold by a variety of institutional investors in the last quarter, including Alliancebernstein L.P., Los Angeles Capital Management & Equity Research Inc., Soros Fund Management LLC, Victory Capital Management Inc., FMR LLC, Standard Life Aberdeen plc, Standard Life Aberdeen plc and Glenmede Trust Co. NA. Company insiders that have sold Marvell Technology Group company stock in the last year include Marvell Semiconductor, Inc Ca, Matthew J Murphy and Michael G Strachan. View Insider Buying and Selling for Marvell Technology Group.

Which institutional investors are buying Marvell Technology Group stock?

MRVL stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Morgan Stanley, Credit Suisse AG, American Century Companies Inc., Wells Fargo & Company MN, Teachers Advisors LLC, Jennison Associates LLC and Allianz Asset Management GmbH. View Insider Buying and Selling for Marvell Technology Group.

How do I buy shares of Marvell Technology Group?

Shares of MRVL can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Marvell Technology Group's stock price today?

One share of MRVL stock can currently be purchased for approximately $15.22.

How big of a company is Marvell Technology Group?

Marvell Technology Group has a market capitalization of $10.47 billion and generates $2.41 billion in revenue each year. The semiconductor company earns $520.83 million in net income (profit) each year or $1.04 on an earnings per share basis. Marvell Technology Group employs 3,749 workers across the globe.

What is Marvell Technology Group's official website?

The official website for Marvell Technology Group is http://www.marvell.com.

How can I contact Marvell Technology Group?

Marvell Technology Group's mailing address is 22 VICTORIA STREET, HAMILTON D0, HM 12. The semiconductor company can be reached via phone at 441-296-6395 or via email at [email protected]


MarketBeat Community Rating for Marvell Technology Group (NASDAQ MRVL)

Community Ranking:  2.5 out of 5 (star star half star)
Outperform Votes:  1,045 (Vote Outperform)
Underperform Votes:  1,032 (Vote Underperform)
Total Votes:  2,077
MarketBeat's community ratings are surveys of what our community members think about Marvell Technology Group and other stocks. Vote "Outperform" if you believe MRVL will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MRVL will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 11/21/2018 by MarketBeat.com Staff

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